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Oct 4, 2012
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at the open system that microsoft propagated opting for a closed system to be controlled by one man, steve jobs. one look at the market capitalizations shows the wisdom of jobs' position. as apple is currently worth about 2.5 times what microsoft is worth. more important for this matter is the fact that microsoft's customers ended up in a business that reminds me of the uncoded free sheet paper business, the archetypal commodity where there can be no virtually no value added. yes, they, the customers, the dells and hewlett-packards, are the true losers of the bill gates experiment. hewlett-packard isn't just personal computing but it's printing and consulting. i loathe the printers. each machine has a different cartridge type i never remember the number when i get to the store. as far as consulting goes, take a look how well their competitors are doing. i pray that those companies that the companies i work for, one day, will see the wisdom and adopt apple so i can chuck these silly constantly freezing machines into the toxic waste pit that should be their -- that will put them elsewhere. h
at the open system that microsoft propagated opting for a closed system to be controlled by one man, steve jobs. one look at the market capitalizations shows the wisdom of jobs' position. as apple is currently worth about 2.5 times what microsoft is worth. more important for this matter is the fact that microsoft's customers ended up in a business that reminds me of the uncoded free sheet paper business, the archetypal commodity where there can be no virtually no value added. yes, they, the...
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Oct 5, 2012
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. >> steve jobs introduced one grainy innovative product after another. consider 244 million iphones sold, 131 million desktops and laptop, 84 billion ipads, 350 million ipods. and while at apple, jobs had his hand in every part of every creation. >> steve jobs was not really an engineer, not really a programmer. he was very hands on from the design, the execution, the menus, the fonts, the colors. >> i didn't want to tell you i had steve martin on my ipod. >> jobs created a whole new way to appreciate music, using software he designed on devices he designed at a price he set. >> he wanted to sell songs, not albums. selling songs in many respects was -- >> jobs the inventor, the man who changed mobile communication, and digital entertainment, may just have been the greatest retailer of all time. >> apple stores are the single most profitable store on a square foot or cubic foot of any stores in the world. >> and while some question whether his legacy is enough to carry the brand, a year after his death, the stock price has nearly doubled. >> without that
. >> steve jobs introduced one grainy innovative product after another. consider 244 million iphones sold, 131 million desktops and laptop, 84 billion ipads, 350 million ipods. and while at apple, jobs had his hand in every part of every creation. >> steve jobs was not really an engineer, not really a programmer. he was very hands on from the design, the execution, the menus, the fonts, the colors. >> i didn't want to tell you i had steve martin on my ipod. >> jobs...
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Oct 3, 2012
10/12
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let me get your take, steve. on the jobs report on friday, what should we expect? >> i think it's going to come in lighter than the adp. the adp has been a poor indicator of the jobs number. i think there's a reason the fed gave us qe-3, because they saw the softness in the labor market. i think it could come in a little on the weak side. more importantly, the official jobs number is the revisions backwards. they've been going back through previous months and knocking down those numbers. i think i wouldn't be surprised if it came in a little soft. >> kate, do you agree with that? if so, is this priced into the market? >> yes, absolutely priced in, maria. great question. what they're going to expect is for it to be terrible. if it isn't terrible, we'll see a rally. what matters most to this market is earnings. we're in pre-earnings disappointment season where we're going to float a little bit until earnings come out. we've seen a friend where earnings have beat expectations. we've gone down to earnings, earnings beat expectations, then we've had a good rally. i thin
let me get your take, steve. on the jobs report on friday, what should we expect? >> i think it's going to come in lighter than the adp. the adp has been a poor indicator of the jobs number. i think there's a reason the fed gave us qe-3, because they saw the softness in the labor market. i think it could come in a little on the weak side. more importantly, the official jobs number is the revisions backwards. they've been going back through previous months and knocking down those numbers....
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steve wynn wood leading into this segment. we spent 48 hours here showing cleveland is open for business. we talked to the biggest business leaders from all sectors of the economy from oil to banking to the nfl who have proved this place does rock. it's the place to be. >> we were $8 billion in the hole, the largest deficit in history of the our state and we balanced the budget and built this rainy day fund. then we told the regulators, look, business is not enemy. we need good regulation. we have very tough regulations on hydraulic fracturing but regulations are not duplicative. we don't need to spend all day, getting in a situation with business where we can't give them an answer. when they find we're not doing a very good job in something we go right back at it. >> as we look at all of this. talk about this as a business hub and a tourism hub. $100 million a year come through the rock hall of fame. >> $100 million impact. half a million people come here. on average stay two nights from from more than 100 countries. 50 state
steve wynn wood leading into this segment. we spent 48 hours here showing cleveland is open for business. we talked to the biggest business leaders from all sectors of the economy from oil to banking to the nfl who have proved this place does rock. it's the place to be. >> we were $8 billion in the hole, the largest deficit in history of the our state and we balanced the budget and built this rainy day fund. then we told the regulators, look, business is not enemy. we need good...
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Oct 3, 2012
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steve, perhaps you can kick it off for us. what do you think tonight holds? >> you know, here's what barack obama has to do. the debate right now in the campaign is very heavily over economic policy going forward. that's where barack obama wants to focus. he will accuse mitt romney of seeking $4 trillion, $5 trillion in additional tax cuts for the wealthy while raising taxes on the middle class. there will be a lot of talk about that because mitt romney disputes that he would be cutting taxes -- excuse me, raising taxes on the middle class. at the same time, he's challenged. obama's challenge is not to be too cocky. with good reason, he gets cocky sometimes. he's got to be careful that he doesn't is a moment like he had in the new hampshire debate in 2008 where he said hillary is likable enough. he has to avoid that kind of characteristic. mitt romney, on the other hand, what mitt has to do is prove that he's a human being, that he's a tin man who has found a heart, who cares about people other than his social class. and secondly, he has to put barack obama o
steve, perhaps you can kick it off for us. what do you think tonight holds? >> you know, here's what barack obama has to do. the debate right now in the campaign is very heavily over economic policy going forward. that's where barack obama wants to focus. he will accuse mitt romney of seeking $4 trillion, $5 trillion in additional tax cuts for the wealthy while raising taxes on the middle class. there will be a lot of talk about that because mitt romney disputes that he would be cutting...
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i said at monday's national conversation that in puerto rico's steve is the first voice i hear in the morning, and he is. while melissa is a very competent and informed female voice, which i hear in the late afternoon on my way home. she was in china preparing for a weeklong broadcast with npr when a massive earthquake struck in may, 2008 and major news organizations around the world rely on her extensive reporting on the destruction and relief efforts. so now, i have many henry kissinger stories. i won't spend the full 15 minutes he demanded, but i will tell you -- [laughter] a few of them. let's try this. this past valentine's day he was my gate. well, what really happened is henry and i contacted our dear friends andrea mitchell and alan greenspan. we did this says separately about spending the evening with them and then we all ended in a downtown washington hotel room full of hearts and flowers. henry iain dhaka also sit next to each other at the defense policy board meetings and we just spent a day and a half doing that and discussing the very complicated issue of iran. at one of
i said at monday's national conversation that in puerto rico's steve is the first voice i hear in the morning, and he is. while melissa is a very competent and informed female voice, which i hear in the late afternoon on my way home. she was in china preparing for a weeklong broadcast with npr when a massive earthquake struck in may, 2008 and major news organizations around the world rely on her extensive reporting on the destruction and relief efforts. so now, i have many henry kissinger...
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Oct 8, 2012
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>> thank you, steve. >>> more pain at the pump. just how much gas prices went up overnight and how the governor plans to bring them back down. >>> president obama making another underphasing stop in the bay area later 0en today. how much his supporters will be shelling out to attend this event. >>> and the brink of elimination with the giants and the as. what both of them have to do to stay alive. ♪ [ man ] when i'm in my zone... every move i make is a statement... ♪ ...that inspires me to make my mark. ♪ [ male announcer ] the all-new lexus es 350. ♪ >>> president obama returns to the bay area to attend three fund-raiser events. alex savidge has more. >> reporter: well, several groups including anti-war organizations are planning to hold demonstrations during the president's visit here to san francisco. one of the events the president will be attending is a dinner and concert here at bill graham civic auditorium. it will feature a performance by john legend and alex smith will be onhand here. this will be a $20,000 a plate
>> thank you, steve. >>> more pain at the pump. just how much gas prices went up overnight and how the governor plans to bring them back down. >>> president obama making another underphasing stop in the bay area later 0en today. how much his supporters will be shelling out to attend this event. >>> and the brink of elimination with the giants and the as. what both of them have to do to stay alive. ♪ [ man ] when i'm in my zone... every move i make is a...
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Oct 8, 2012
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when you think about apple post steve jobs and we saw what happened to apple post steve jobs in the '80s, can it keep up? >> absolutely. i think that he's put together a great team, leadership is very important within apple and steve took as much pride in leadership of apple as he did the product itself and he's crafted i think a great team to follow him. he can't be replaced. >> after he left in the '80s and you were there, apple faltered. it's easy to say. >> apple faltered because he had the wrong ceo and a guy who didn't understand the tech business but under current of apple when steve came back the reason they accelerated so successfully is in place was a great culture and great group of people who were still there. apple was in place, unfortunately they didn't have a right product division. >> do you have views on hewlett-packard? >> absolutely. greatest success of apple and part of my book is called the product vision. and hewlett-packard has totally lost its product vision. here they had the greatest printer in the world, they had the printer market, they don't do that anymor
when you think about apple post steve jobs and we saw what happened to apple post steve jobs in the '80s, can it keep up? >> absolutely. i think that he's put together a great team, leadership is very important within apple and steve took as much pride in leadership of apple as he did the product itself and he's crafted i think a great team to follow him. he can't be replaced. >> after he left in the '80s and you were there, apple faltered. it's easy to say. >> apple faltered...
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Oct 8, 2012
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it turns out that i think what steve meant was he had some interesting ideas. i did not hear anything from them for many, many weeks. the candidate was on tv one night or one day, but i was watching it that evening, announcing his bid for president, around february, for every 12th, if i remember right. i watched it on tv. my opponent had been long dead, so i thought, that's it. been the phones start ringing again and people are calling me and i'm being asked to come to chicago to assess staff and to evaluate some of the operations. i thought, this sounds pretty good. they are for me a job in management. i thought, this is great. i said there's only one thing i have to do, because something has changed since december 26. i have to go home and talk to my wife and make sure -- this is a family affair, after all. so i talked to my wife, was not pregnant, and we wanted to make sure everything was ok with the baby. so we said we will go to the doctor on march 1 and things are ok, we'll do this. on march 1, we walked out of the doctor's office, the baby's heart was be
it turns out that i think what steve meant was he had some interesting ideas. i did not hear anything from them for many, many weeks. the candidate was on tv one night or one day, but i was watching it that evening, announcing his bid for president, around february, for every 12th, if i remember right. i watched it on tv. my opponent had been long dead, so i thought, that's it. been the phones start ringing again and people are calling me and i'm being asked to come to chicago to assess staff...
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Oct 1, 2012
10/12
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steve liesman joins us from chicago with a very exclusive interview. steve? >> yes, thanks very much. i'm here in chicago with the chicago federal reserve president charlie evans. >> nice to be here. >> a year ago you laid out this idea of pegging policy to unemployment, and to inflation, given what the federal reserve just did, do you feel vindicated and the follow-up to that is do you feel satisfied, is it enough? >> well, last year i was here and i was talking a lot about our dual mandate responsibilities and i mentioned that with the unemployment rate at that time at 9% that was unacceptably high and we need to focus more on our dual mandate responsibilities. i feel good that our most recent statement and policy is focusing on strongly on the labor market, we're looking for substantial improvement in labor market conditions, the criteria for how long we're going to continue with very accommodative policies and that's a step in the right direction. >> a step in the right direction but is it enough? you want the fed to do this for a particular reason, which
steve liesman joins us from chicago with a very exclusive interview. steve? >> yes, thanks very much. i'm here in chicago with the chicago federal reserve president charlie evans. >> nice to be here. >> a year ago you laid out this idea of pegging policy to unemployment, and to inflation, given what the federal reserve just did, do you feel vindicated and the follow-up to that is do you feel satisfied, is it enough? >> well, last year i was here and i was talking a lot...
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steve had the right answer. he was averaging on ten months and now it was his forecast that was easy. >> and to be honest with you, if i was going to manipulate them
steve had the right answer. he was averaging on ten months and now it was his forecast that was easy. >> and to be honest with you, if i was going to manipulate them
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Oct 2, 2012
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sunday after the half marathon that we're doing with steve. >> fantastic. there you go. thank you very much. >> and rod the director. >> that's right. >> i'm slightly -- i'm a little gummed up in my ear. there we go. who is directing this is this over in south korea, the possibility of another rate cut next week is rising. here's more from seoul. hi rhie. >> hey, there, ross. september consumer price rose 2%, well below the target of 3%. so despite higher prices for oil and things like vegetables after the typhoon last month, inflation a not a major concern here. what is, though, are yesterday's september which poexport figure. exports fell for the third straight month. as of today we saw factory output levels softest since early 2009. all of this build as case for the bank of korea to cut rates by 25 basis points and they in fact said they will switch over priorities from price stability to encouraging growth. after such a clear signal here next week's balancing act shouldn't be too difficult for the policymakers here. back over to you. >> thanks for that. still to come
sunday after the half marathon that we're doing with steve. >> fantastic. there you go. thank you very much. >> and rod the director. >> that's right. >> i'm slightly -- i'm a little gummed up in my ear. there we go. who is directing this is this over in south korea, the possibility of another rate cut next week is rising. here's more from seoul. hi rhie. >> hey, there, ross. september consumer price rose 2%, well below the target of 3%. so despite higher prices...
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Oct 3, 2012
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at the open system that microsoft propagated opting for a closed system to be controlled by one man, steve jobs. one look at the market capitalizations shows the wisdom of jobs' position. more important for this matter is the fact that microsoft's customers ended up in a business that reminds me of the uncoded free sheet paper business, the commodity where there can be no value added. yes, they, the customers, the dells and hewlett-packards, are the true losers of the bill gates movement. hewlett-packard isn't just personal computing but it's printing and consulting. i loathe the printers. as far as consulting goes, take a look how well their competitors are doing. the companies i work for, i pray they see the light and go apple. hewlett-packard is a huge company with quite a hold on the tech budgets of big corporations. but the company will eventually will ripped out of the enterprise. you can't have something that young people hate prevail forever. funny thing, younger people, they get older. and they take the reins from the relics who jammed dell and hewlett-packards down our throats. s
at the open system that microsoft propagated opting for a closed system to be controlled by one man, steve jobs. one look at the market capitalizations shows the wisdom of jobs' position. more important for this matter is the fact that microsoft's customers ended up in a business that reminds me of the uncoded free sheet paper business, the commodity where there can be no value added. yes, they, the customers, the dells and hewlett-packards, are the true losers of the bill gates movement....
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steve jobs would fire tim cook. he would fire everyone involved in maps and he would berate them in front of everyone. he was not a nice man and yet everyone loved him anyway. >> lifelock posted a little below the range. maybe a little disappointment there. i might be able to see that. certainly one that we're going to watch, a big week for ipos, of course, one of the busiest. berry plastics tomorrow and pretty sizeable deals. >> and one of the things that we need to see is some pulse down here. there was a lot of social media, people got gaffed. any time you see new companies, you think, maybe i should stop shorting goldman sachs and maybe there is a sign of capital formation. p excellent show stopper yesterday. and mark cuban was so great and the destruction of the capital markets. cuban, cooperman, these guys are not idle thinkers. they are the best we have. and high frequency trading has destroyed a lot. >> and suggesting you tax intraday trades 50%, trades less than a minute, 100%, that would cut down on it in
steve jobs would fire tim cook. he would fire everyone involved in maps and he would berate them in front of everyone. he was not a nice man and yet everyone loved him anyway. >> lifelock posted a little below the range. maybe a little disappointment there. i might be able to see that. certainly one that we're going to watch, a big week for ipos, of course, one of the busiest. berry plastics tomorrow and pretty sizeable deals. >> and one of the things that we need to see is some...
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. >> steve liesman has an interview with chicago fed president charlie evans on "squawk box." whether comments from fed officials be able to swing things around bearing in mind we've basically committed now every month to spending whatever it takes? >> no, i think they're committed. we want to hear essentially getting to congress a message that says our job is done. it's now up to you to make sure that fiscal policy sets a growth agenda that makes sense. that's what's missing in this equation. >> jack, good to see you. thanks for that. if you see any slightly bruised and feeling worse for themselves european golf fans, just point them to bed or something. we'd appreciate that. thanks for that, jack. good to see you. that's it, we'll leave and you look at u.s. futures. coming up next, "squawk box." we hope you have a profitable day. #. >>> welcome to the first day of the fourth quarter. factory data out of europe, what are calling an inevitable new recession. in the u.s., investors are preparing for friday's jobs report and barack obama and mitt romney are hunkering down for de
. >> steve liesman has an interview with chicago fed president charlie evans on "squawk box." whether comments from fed officials be able to swing things around bearing in mind we've basically committed now every month to spending whatever it takes? >> no, i think they're committed. we want to hear essentially getting to congress a message that says our job is done. it's now up to you to make sure that fiscal policy sets a growth agenda that makes sense. that's what's...
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but steve is right, we know the demographic trends. can influence the decision about how much longer to stay in the labor force or when to enter it. we know some are leaving permanently because of the economy, some young people are continuing in school because of the economy. those things could turn around. >> we've got to go. but, steve, i was 45, i'm only 55, 20 years later. i froze. jack ] after lauren broke up with me, i went to the citi private pass page and decided to be...not boring. that's how i met marilyn... giada... really good. yes! [ jack ] ...and alicia. ♪ this girl is on fire [ male announcer ] use any citi card to get the benefits of private pass. more concerts, more events, more experiences. [ jack ] hey, who's boring now? [ male announcer ] get more access with the citi card. [ crowd cheering, mouse clicks ] [ male announcer ] get more access with the citi card. those little things for you, life's about her. but your erectile dysfunction - that could be a question of blood flow. cialis tadalafil for daily use helps
but steve is right, we know the demographic trends. can influence the decision about how much longer to stay in the labor force or when to enter it. we know some are leaving permanently because of the economy, some young people are continuing in school because of the economy. those things could turn around. >> we've got to go. but, steve, i was 45, i'm only 55, 20 years later. i froze. jack ] after lauren broke up with me, i went to the citi private pass page and decided to be...not...
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. >> steve, thanks for that. still to come, despite stellar growth, malaysia's leader says the country still hasn't fully tapped its own potential. exclusive interview with the prime minister coming up. >> we are trying to develop the support very strong domestic economy. and the engine will come from the domestic economy. that's why we've done everything possible to encourage it necessary tick i domestic investment. >> also results of the spanish bond auction. julia is in madrid. >> thanks, beccy. expect to go well despite relatively chunky 4 billion euros at the top end. we will bring you all the latest after the break. >>> waiting on spain. ecb expected to hold steady on rates when central bankers meet today. the country's president tells cnbc that europe's policymakers must remain focused. >> about if we get bogged down discussion of what was hent by the june agreements and waste time on this kind of discussion, then it's much less likely that a company here represent system will emerge. >> madrid continues t
. >> steve, thanks for that. still to come, despite stellar growth, malaysia's leader says the country still hasn't fully tapped its own potential. exclusive interview with the prime minister coming up. >> we are trying to develop the support very strong domestic economy. and the engine will come from the domestic economy. that's why we've done everything possible to encourage it necessary tick i domestic investment. >> also results of the spanish bond auction. julia is in...
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and steve grasrg and citigroup was downgraded at sterne agee. a little stall because of concerns about windows 8 and whether or not it's going to be robust. q3 could be a make-or-break quarter for them. "the journal" points out, there's no place to try out the new tablet. are you going to buy a tablet just on blind faith without trying it out? >> tiff beta. it's quite exciting. but excitement doesn't necessarily equal sales. there was a downgrade of nokia saying the windows 8 operating system, not good for phones. intel seems to have lost its way with that 4% yield being the only reason to be in it. the desktop -- i feel very triceratops here with this. >> how about the story in "the times" over the weekend about meg whitman? >> they still make a lot of them. but the question is, is it really a business you want to be in? >> do you remember scm? >> yes. >> smith corona mar chant. they were making electric typewriters like they were going out of style. >> that "times" story, not a lot that we didn't already know in terms of what hp is trying to a
and steve grasrg and citigroup was downgraded at sterne agee. a little stall because of concerns about windows 8 and whether or not it's going to be robust. q3 could be a make-or-break quarter for them. "the journal" points out, there's no place to try out the new tablet. are you going to buy a tablet just on blind faith without trying it out? >> tiff beta. it's quite exciting. but excitement doesn't necessarily equal sales. there was a downgrade of nokia saying the windows 8...
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. >> steve space from w cbs radio. the pre-election polls i've always wondered why our listeners, viewers and readers need to know how other people plan to vote and poison the voting poll and recite them on the radio i'd like to hear the of a panelist thoughts on why do we report the polls? >> who wants to take that? >> it's the way that we gauge the narrative of the race in which way the momentum is. i was in virginia talking to people in prince william county and republicans who voted for john mccain four years ago. i don't know i'm going to do it doesn't like this is going to win it's not necessarily wanting to vote for the loser. it does affect some voters. >> on the other hand, it's not so where earlier in the cycle you say they didn't have a chance i'm not the only one who likes him and maybe he can pull this out and we are curious and want to know what other -- we also want to be part of the conversation with people and know what other people are thinking and i am not sure i think that is such a bad thing and ne
. >> steve space from w cbs radio. the pre-election polls i've always wondered why our listeners, viewers and readers need to know how other people plan to vote and poison the voting poll and recite them on the radio i'd like to hear the of a panelist thoughts on why do we report the polls? >> who wants to take that? >> it's the way that we gauge the narrative of the race in which way the momentum is. i was in virginia talking to people in prince william county and republicans...
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the teams that identify with the rover is fundamental to design as steve squires explains. we notice it with the pan cam wide-angle camera. we hit it with a mini test to check for iron. it looks interesting, and we go over and we figure out its molecular composition with the apsx. everything works together. having instruments that work together encourages the teams to work together. this was squires' vision which he called science engineering. he said, you've got those sensors, and each of them provides complimentary bytes of knowledge. you're going to use the payload to the fullest advantage. if people look at it as being entirely at their disposal. if you were out there in the field, he says, doing geology with your field partner, you might be arguing about what this rock means or what that rock mean, but you're not going to be arguing about should we use the rock hammer or should we use the compass. we don't have pan cam guys arguing with mini test guys but rather geologists arguing with chemists about exploration. now, to appreciate that you need to know that this desig
the teams that identify with the rover is fundamental to design as steve squires explains. we notice it with the pan cam wide-angle camera. we hit it with a mini test to check for iron. it looks interesting, and we go over and we figure out its molecular composition with the apsx. everything works together. having instruments that work together encourages the teams to work together. this was squires' vision which he called science engineering. he said, you've got those sensors, and each of them...